Foreign aid to the People's Republic of China takes the form of both bilateral and multilateral official development assistance and official aid to individual recipients.
In 1978, China and Japan had normalized the diplomatic relations. Deng Xiaoping had been to Japan to sign the treaty & seen the development of Japan. As a result, China had decided to borrow 220 million dollars in soft loan from Japan when the amount of foreign currency preparation was 167 million dollars & poured the money into social infrastructures.
In 2001 it received US$1.4 billion in such disbursements, or about US$1.10 per capita. This total was down from the 1999 figures of US$2.4 billion and US$1.90 per capita. In 2003 China received US$1.3 billion in such disbursements, or about US$1 per capita. Like other countries in recent years, the United States has rapidly lowered foreign aid to China, reaching about $12 million dollars from USAID for 2011. The aid goes to Tibetan communities, rule of law initiatives, and climate change policy. In 2011, the $3.95 designated for climate change was the subject of a critical Congressional panel hearing titled Feeding the Dragon: Reevaluating U.S. Development Assistance to China.
Some of this aid comes to the People's Republic of China (PRC) in the form of socioeconomic development assistance through the United Nations (UN) system. The PRC received US$112 million in such UN assistance annually in 2001 and 2002, the largest portion coming from the UN Development Programme (UNDP).
Famous quotes containing the words foreign, aid, people, republic and/or china:
“No doubt, to a man of sense, travel offers advantages. As many languages as he has, as many friends, as many arts and trades, so many times is he a man. A foreign country is a point of comparison, wherefrom to judge his own.”
—Ralph Waldo Emerson (1803–1882)
“There aren’t any good, brave causes left. If the big bang does come, and we all get killed off, it won’t be in aid of the old-fashioned grand design. It’ll just be for the Brave New-nothing-very-much-thank-you. About as pointless and inglorious as stepping in front of a bus. No, there’s nothing left for it, me boy, but to let yourself be butchered by the women.”
—John Osborne (1929–1994)
“I know. That’s what makes us tough. Rich fellows come up and they die. Their kids ain’t no good and they die out. But we keepa comin’. We’re the people that live. They can’t wipe us out. They can’t lick us. We’ll go on forever, Pa, cause we’re the people.”
—Nunnally Johnson (1897–1977)
“Absolute virtue is impossible and the republic of forgiveness leads, with implacable logic, to the republic of the guillotine.”
—Albert Camus (1913–1960)
“It all ended with the circuslike whump of a monstrous box on the ear with which I knocked down the traitress who rolled up in a ball where she had collapsed, her eyes glistening at me through her spread fingers—all in all quite flattered, I think. Automatically, I searched for something to throw at her, saw the china sugar bowl I had given her for Easter, took the thing under my arm and went out, slamming the door.”
—Vladimir Nabokov (1899–1977)